Child Benefit and Fiscal Burden with Endogenous Fertility

Kazumasa Oguro and Junichiro Takahata

MPRA Paper from University Library of Munich, Germany

Abstract: This paper studies a possibility of efficiency improvement by child benefit programs in an overlapping generations economy with endogenous fertility and government debt. We derive conditions for improving an efficiency by child benefit using Representative-Consumer efficiency (RC-efficiency), an efficiency criterion for an endogenous fertility setting developed by Michel and Wigniolle (2007). It is shown that the result crucially depends on the relative amount of accumulated government debt in the economy. It is likely to hold in an economy of developed countries with a low fertility rate. We provide an implication of the results in the real economy.

Keywords: Endogenous fertility; Pareto-efficiency; child benefit; fiscal burden (search for similar items in EconPapers)
JEL-codes: D6 H6 J1 (search for similar items in EconPapers)
Date: 2009-04
New Economics Papers: this item is included in nep-dge
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:15378

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